Pound Hits 13 Month Low On Weak UK Data, Strong US Numbers (Forex Video)

Published August 27th, 2008 - 01:02 GMT
Al Bawaba
Al Bawaba

US durable goods orders report tops a sparse economic docket tomorrow; but can it maintain volatlity and potential EURUSD and GBPUSD breakout momentum?




·         Pound hits a 13-month low against the dollar as strong US data capitalizes on a weak UK mortages number.
·         Fading German growth alters rate expectations and sends the euro to a six-month low with the greenback.

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